Home Owner Maintenance Cost-How it Impacts Sellers & Buyers
All housing components have a life span. Some parts last a lifetime, and others are more or less “consumables” and some lasting only a few years. Maintenance costs go with the property from day one of ownership and are factored to be considered to be at “market value” as defined by a Certified Residential Appraiser.
There is a life expectancy of most of those, and that is approximately 5-18 Years, and that time goes fast. And if you, as a home Seller that could have a market value impact on your list price with low offers from market participants.
And if you’re a home buyer, performing your due diligence could save you time, frustration, and money. At the end of the day, only you can look out for what is your best interests. In real estate, it’s “buyer beware.” If your experience in real estate is limited, selecting the right professional is paramount for your success by choosing the right deal or falling into a money pit.
No one can better look out for you and your family’s self-interest other than you. Choosing the professional will provide you with that due diligence. Buying a home for the first time or third time can be emotional for those involved. Don’t enable yourself into “sleepwalking” through a home purchase process. “Sleep Walking” is a term for anyone that’s over-reliant on an inexperienced one real estate actor, In addition to not being vetted by you for professional competence.